Illinois-based cos looking for agents
Illinois' exports to India's neighbouring countries like Pakistan and China also grew by 74.05 per cent and 29.58 per cent respectively.india Updated: Mar 13, 2006 17:03 IST
Illinois-based companies said on Monday that they are scouting for distributors and agents to sell their products in India's growing market.
"There is big potential for growth here. We are meeting with qualified companies and we are looking for around six to 10 distributers for our products," Dickson International Group Manager Julie Ward said.
Dickson, which deals in instrumentation products used to monitor and record temperature, is part of a six-member delegation from Illinois, US, currently on a nine-day visit to India.
Among other companies, Phoenix International, which manufactures petro-free absorbent used in airlines, oil refineries and pharma sectors, is looking for appointing distributors and licensee for its products in India.
"India has become a very important business partner for Illinois. India's economy is growing and we want to be part of this growing economy," State of Illinois Far East Office Managing Director Norman L Li said.
Referring to the Illinois trade delegation, Li said "missions such as these generates a few million dollar business, however it takes around six months to a year for a company to develop long term base".
The export figure for the state of Illinois to India registered a growth of around 59 per cent at $437 million in 2005 in comparison to $274 million in 2004.
Illinois' exports to India's neighbouring countries like Pakistan and China also grew by 74.05 per cent and 29.58 per cent respectively.